Time Sensitive Networking Market to Reach USD1014.44 Million By 2026
Increasing usage
of wireless communication, industrial automation and robotics to drive the
growth of the Global Time Sensitive market through 2026.
According to
TechSci Research report, “Global Time
Sensitive Networking Market By Component (Switches, Hubs,
Routers & Gateways, Controller & Processors, Isolators &
Convertors, Connectors, Communication Interfaces, Others), By Application (Industrial
Automation, Power & Energy, Automotive, Transportation, Oil & Gas,
Aerospace, Others), By Region, Competition Forecast & Opportunities, 2026”, the Global
Time Sensitive Networking Market was valued at USD219.90 million in 2020 and is
expected to grow at a CAGR of 27.90% during the forecast period owing to the
rising demand for wireless communication, industrial automation and robotics
across the globe. Low transmission latency, reduced costs of implementations, precise data delivery, etc. are
further propeling the market growth. However, ownership
of networks and issues related to network securities can hamper the market
growth during the forecast period.
Browse Time
Sensitive Networking Market 108 Figures spread through 148 Pages and an
in-depth TOC on "Global Time Sensitive Networking Market"
https://www.techsciresearch.com/report/global-time-sensitive-networking-market/1338.html
The Global Time Sensitive Networking Market is
segmented based on component, application, company and region. Based on component,
the market is segmented into switches, hubs, routers and gateways, controller
and processors, isolators and convertors, connectors, communication interfaces
and others including power supply devices and other hardware components. The switches
segment held a majority market share of 51.94% in 2020 and is expected to dominate
the market in the forecast period as well on account of their benefits over the
traditional ethernet switches. These switches are encased in mechanical style
tough steel enclosures, improving their toughness in harsh modern industrial
conditions. These high level switches support time synchronization and path
control reservation to empower deterministic real time networking over standard
ethernet for an assortment of utilizations. Most of the companies provide time
sensitive networking enabled switches and are expected to launch more products
in the same category in the forecast period.
In terms of application, the market is segmented
into automotive, power and energy, industrial automation, transportation, oil
and gas, aerospace and others including performance audio, traffic management,
etc. In 2020, the automotive segment dominated the market with a share of 30.63%
and is expected to dominate the market in the upcoming years due to the growing
need for automation in automotive industry. Advanced driver assistance systems (ADAS), for
example, lane keeping/departure warning, emergency braking, impact aversion
and, eventually, fully autonomous driving features, all demand predictable
latency and ensured transmission capacity in the network to guarantee that
safety-critical data can move from sensors to processors and back rapidly
enough to be effective. To meet this demand, time sensitive networking is
becoming increasingly popular in automotive sector which provides real time
networking which enables the automotive applications to take control over the
vehicle in case of an adverse situation. However, the oil and gas segment is
expected to grow at a faster pace in the forecast period. This is primarily due
to the adoption of automation platforms and autonomous robotics in the
industry. Oil, gas, and energy companies are
streamlining and simplifying operations by creating intelligent enterprises
based on industrialized services that enable innovative technologies such as
robotic process automation (RPA). Time sensitive networking enables more robust
and reliable Ethernet communication between machines and plants even under high
network load conditions.
Download Sample
Report @ https://www.techsciresearch.com/sample-report.aspx?cid=1338
Customers can
also request for 10% free customization on this report.
Cisco Systems Inc., N.X.P Semiconductors N.V, Marvell Technology Group Ltd., Microsemi Corporation,
Intel Corporation, Xilinx Inc., National Instruments Corporation, Analog
Devices Inc., Belden Inc., Broadcom Inc. are among the leading players
operating in the Global Time Sensitive Networking Market. Companies operating
in the market are using strategies such as product advancement through the addition
of new features, mergers, and collaborations to boost their share.
“North America held the largest market share
with 37.41% in 2020 and is expected to dominate the market in future as well. Advent
of Industry 4.0 and ongoing industrial revolution for automation of
conventional manufacturing and industrial practices are expected to fuel the
growth of global Time Sensitive Networking Market. The dependability of TSN
gives critical benefits to robotization applications in industries like
automotive, mechanical engineering, consumer goods, etc. Significant cost
reduction is one of key drivers for the industries embracing time sensitive
networking. Hardware and system maintenance cost in time sensitive networking
is low as the framework requires few cables and devices. Also, time sensitive
network allows the convergence of different traffic classes on a single network
platform, thus leading to significant cost reduction. This is one of the
significant benefits for end clients to move from audio video bridging ethernet
to time sensitive networking.”, said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
“Global Time Sensitive Networking Market By
Component (Switches, Hubs, Routers & Gateways, Controller & Processors,
Isolators & Convertors, Connectors, Communication Interfaces, Others), By
Application (Industrial Automation, Power & Energy, Automotive,
Transportation, Oil & Gas, Aerospace, Others), By Region, Competition
Forecast & Opportunities, 2026” has evaluated the
future growth potential of the Global Time Sensitive Networking Market and
provides statistics and information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in the Global Time Sensitive Networking.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel:
+1-646-360-1656
Email: [email protected]
Website: https://www.techsciresearch.com/